PNB Housing Finance said it received a letter from PNB on July 4 and subsequent to that the board of the company met on July 5 and 6, 2021.
The apex court tagged the plea of the Punjab National Bank (PNB), which is a public sector unit bank, with a similar pending case filed by HDFC Bank against the RBI's direction.
The UK High Court's decision came over two months after the wanted diamond merchant's extradition to India was ordered by UK Home Secretary Priti Patel in the PNB scam case.
Nirav Modi remains behind bars at Wandsworth Prison in south-west London since his arrest over two years ago on 19 March 2019.
The comparison may not be entirely apt as the number of banks reduced from 17 to 10 in FY21 due to mergers and also due to privatisation of IDBI Bank.
The RBI said the statutory Inspection for Supervisory Evaluation of Bank of India was conducted with reference to its financial position as on March 31, 2019.
Despite COVID-19, the bank's profit surged over five times to Rs 2,022 crore during the financial year ended March 2021, against Rs 363.34 crore during 2019-20.
According to the government official, a scam of this magnitude had potential to create instability in the financial sector but the deft handling saved the entire public sector banking space.
Punjab National Bank plans to hire non-judicial member to scrutinise proposals on compromise, write off
The public sector lender has invited expression of interest (EoI) from professional or retired personnel based in or around Delhi.
A special PMLA court kept in abeyance the warrant issued against the sister and brother-in-law of fugitive diamond merchant Nirav Modi till further orders.
The jail official said that once Nirav Modi is brought to Mumbai, he will be kept in one of the three cells of barrack number 12, which is a high security barrack.
The bank has already raised Rs 3,788.04 crore from qualified institutional placement (QIP) in December following which the government holding in the bank came down from 85.59 per cent.
Special judge for cases under the Prevention of Money Laundering Act VC Barde rejected Gokulnath Shetty's bail plea.
On the occasion, the Bank’s Zonal Manager, Ashutosh Choudhury, visited Vijayawada circle and participated in the Corporate Social Responsibility activities.
District Judge Samuel Goozee confirmed the timeline on Friday, at the end of closing submissions in the case at Westminster Magistrates' Court in London.